Lithium, nickel and cobalt – important raw materials for electromobility

Lithium shares were extremely popular with investors last year and electromobility continues to gain momentum, so lithium will also be of interest to investors in the current year. After all, the price of lithium, which is in desperate demand, rose by around 300 percent last year. Demand is now greater than supply. Experts expect a further shortage. This can easily be seen in the sales figures for electric vehicles. For example, while a total of 64,000 fully electric passenger cars were sold in Germany in 2019, the figure was already 48,000 in December 2021 alone. A total of just under 356,000 e-vehicles were registered in Germany in 2021, representing a 463 percent increase compared to 2019.

Companies such as ION Energy – https://www.youtube.com/watch?v=f1D_y49h7eQ&t=2s -, which own the lithium in their projects, thus have a particularly valuable raw material in demand. Located in Mongolia, ION Energy’s two major lithium projects offer excellent future prospects. The exploration is fully financed and there are many battery factories in neighboring China.

Other raw materials needed in the automotive industry are nickel and cobalt. Cobalt is used alongside lithium in rechargeable batteries as a cathode material. Mostly from the problematic Congo, there is also cobalt from safe mining regions.

The Canada Nickel Company – https://www.youtube.com/watch?v=ejGJ-hLPY2w&t=6s -, for example, owns the Crawford nickel-cobalt sulfide project in Canada. Nickel, by the way, is a raw material that is not only needed in electromobility, but also in the stainless-steel industry.

Current corporate information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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